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. a u.s. ambassador and three others were killed in a terrorist attack on that diplomatic compound in libya. one state department official resigned wednesday and three others removed after an independent panel found security at the consulate was insufficient and state department leadership was to blame. >> the security posture at the special mission compound was inadequate for the threat environment in benghazi. and in fact, grossly inadequate to deal with the attack that took place that night. >> the report also found the attack was not the result of protests over an anti-islamic video as was first reported. later today, two deputy secretaries of state will testify before congress about the attack. secretary of state hillary clinton will not be there. she's recovering from a concussion after fainting from the stomach flu. aides say clinton, the most traveled u.s. diplomat ever won't be making any trips at all for a few weeks. state department officials dismiss claims that clinton is faking her illness to avoid testifying. >>> vice president joe biden is getting right to business w
for the presidential race. walker won the first governor in u.s. history to survive a recall election. and another nod to a republican governor. >> i cannot thank the president enough for his personal concern and compassion for our state and for the people of our state. >> reporter: new jersey governor chris christie's full-on embrace of president obama for helping sandy-ravaged new jersey came days before the election and had no noticeable effect on the presidential race, but some republicans think christie didn't have to be that efuse sieve. they'll remember if his name pops up in 2016. >> if it's a legitimate rape, the female body has ways to try to shut that whole thing down. >> reporter: from the say what category of entries comes a combo team, missouri senate candidate todd akin and richard murdoch of indiana. >> life is that gift from god, and i think even when life begins in that horrible situation of rape, that it is something that god intended to happen. >> republican dreams to take control of the senate in 2012 had dwipdalled throughout the year, but akin and maur dock pretty much shut that
gets ready to step down as secretary of state. but will questions about the attack on the u.s. consulate in the libya impact her legacy? we actully keep track of how many times this kid picked his nose? hair pulls, stink eyes, man we see eveything. oh, it's the old man. hold on, i gotta send something out. you can have two apps open at the same time? how'd you do that? it's the galaxy note 10.1 man, it just does it. how do you think they made it? magic. do more with the samsung galaxy note 10.1. available at best buy and st buy mobile stores. >>> secretary of state hillary clinton says she'll implement all the changes suggested by an accountability review board in response to the attack on the u.s. consulate in benghazi libya. the u.s. ambassador and three others were killed. the report slammed the state department for what it called systemic failures leading up to the attack. four senior level state department officials took the hit. one resigned, the other three put on administrative leave. how does this whole thing affect her legacy especially if she decides to run for pres
. that is a scathing conclusion of an independent review board investigating the deadly september 11th attack at the u.s. consulate in benghazi. ambassador chris stevens and three other americans were killed that day. the panel finding security in benghazi was grossly inadequate to cope with the attack, that washington ignored repeated requests to beef up personnel, and ultimately a lack of transparency, responsiveness and leadership senior levels both this washington and in libya. alise, what do you make of this report. a lot of these findings we've been talking about for a very long time. >> that's right, but also in the last few months, there's been so much politicization of this attack, especially with these talking points and the whole issue of susan rice, ambassador susan rice and what she said about whether there was a protest. this report didn't find that there was a protest, but it also kind of really is the first look at what went wrong, a kind of very sobering look i'd say of what went wrong. and they said that basically the state department and the embassy in libya kind of missed the warning
blasted off. u.s. officials say that ground control has yet to send a key radio control to the satellite. >>> secretary of state hillary clinton will testify next week about the deadly attack on the u.s. consulate in bengahzi. a report on the review is expected to be released before clinton testifies, one week from today. >>> two men from new mexico have reportedly been arrested in a bizarre murder-for-hire plot. police say one of their targets was justin bieber. krqe says the two were allegedly plotting to kidnap, castrate and kill four people, including two witnesses to a crime committed by a murdered convict who one met in prison along with bieber and his bodyguard. how bizarre is that? >> sounds crazy. >>> honda recalling more than 800,000 minivans and suvs because of an emission defect. it effects 318,000 odyssey minivans in 2003 and 2004 and 2559 put suvs made in 2003 and 24 and also 230 acura mdx suv's made from 2003 to 2006. the defect allows owners to remove the keys from the ignition before putting the car into park which could be a very bad thing. honda recalled close to 400,0
opposes the -- roll back their rights. michigan and its workers' role in the revival of the u.s. automobile industry is a prime example of how unions have helped build a strong middle class and strong american economy. that has come from matt lairic before the president's speech there. polls show michiganders are torn, divided on this measure. some polls show a little bit of majority support on the effort. but the president is coming down squarely on the side of unions here. and he -- there is leave nothing room for doubt where he stands, brooke. >> that's what we're hearing, what you're getting from the white house today and certainly we don't know, but perhaps the president will mention what is happening not too far away in lansing. let me ask you, jessica, the fiscal cliff is something we have been talked about each and every day here on cnn, the president met with the speaker of the house and am i correct, has it been about a year since the two of them had a one on one face to face, so what are we learning detailwise from the meeting? >> the bottom line is the status appears
saying the differences in the u.s. congress over the fiscal cliff could be settled if. that's what he's really saying in this press conference in damascus. the elements are there under plan world powers agreed to back in jeune. but, of course, getting agreement if there fr. the assad side and the rebels the and the government, that's a tall order. he's an experienced negotiator. there seems to be some momentum with a flurry of talks and shuttle-type dip ploemmy but he still said and lamented syria is deteriorating rapidly. and as he said there's no u.s./russian plan. there may be discussions on options. can will there a transitional government formed and then elections but we're still not at that stage yet, suzanne. >> do we think he's bringing anything to the table that kofi annan did not who failed in brings these sides together? >> yes. and in failed, it may be a matter of timing. certainly the matter of violence has an eastbound. 40,000 report lid dead. brahimi has not had that success either but he's plugging away. he's been the man in the field from the u.n. from haiti to yemen.
in america. it is now the grief-stricken home of the second deadliest school shooting in u.s. history. 28 people are dead, including the shooter. late today, connecticut's chief medical examiner, wayne carver, reported that the autopsies on all the children are now complete. all 20 of them were shot more than once by 20-year-old adam lanza. police have also released the names of those killed, eight boys, 12 girls, between the ages of 6 and 7. all were first graders. six adults at the school were also murdered, and investigators say they now have some very good evidence explaining what wasde . we have a team of cbs news correspondents and producers on this still-developing story. we begin with margaret brennan here in newtown. >> reporter: gflg, jim. and the bodies of those 12 girls, eight boys, and six adult women killed right here in the sandy hook shooting yesterday are being returned to their families tonight, more than 24 hour after the brutal mass six-year-old emilie parker and jesse lewis. tomorrow, the medical examiner will conduct autopsies on adam lanza and his mother. and the fa
price in recession and the prospect of a down grade of u.s. debt once again, back on the table. bob, head of fixed income for vanguard with about three quarters of a trillion dollars under management in money market and bond as sets. bob, i don't know how you sleep at night given the pressure of handling that much money. think about that often. good to see you. >> good to see you. dagen: bob, what do you think of what's happening? washington? what happens in the bond market if recession becomes more likely? >> well, clearly, volatility kicks up a lot, and you're going to see decline in treasury yields and probably a rise in the spread differentials of corporate bonds and other credit backed bonds relative to treasuries so it's not going to be a pretty picture for our bond holder. you know, that said, they are ultimately going to fix this, by they will put us through hell in between. dagen: bob, looking at the -- all the classes of fixed income, the out performance over treasuries in all grades of corporates, even in municipal bonds, but particularly, you start looking at the lower g
commitment has never been stronger. >>> now the efforts by the u.s. military against al qaeda are in their 12th year, we must also ask ourselves how will this conflict end? >> that's a very good question, and since that's the pentagon's top lawyer asking it, we'll ask our brain trust, is the war on terror winding down? first, though, the fiscal cliff looms ever nearer, the house speaker, among many others, sounding very pessimistic today. are we headed over the edge? and after the election in a bruising defeat, what's next for the republican party? we'll talk to one top outgoing gop senator. good sunday afternoon to you, you are watching msnbc, the place for politics. there are no signs right now of a break in the deadlocked talks to avert the so-called fiscal cliff, the devastating combinations of tax increase and spending cuts that kick in january 1st. both sides seem to dig in this morning on the sunday talk shows. >> the only thing standing in the way of that would be a refusal by republicans that the rates would have to go up on the wealthiest americans, and i don't really see them doing
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. >> thank you. >>> dramatic rescue. americans were kidnapped in afghanistan. they are freedly u.s. military coalition troops. they took him on wednesday in the district outside of kabul. six people were killed. two arrested during the dangerous mission. dr. joseph is seen here in this video posted on youtube. there's no word on his condition or if he was harmed in captivity. >>> in egypt, a call for new protest against president morsi today. his attempt to diffuse weeks of unrest failed. last night's announcement did not satisfy opponents on a draft constitution. we are live in cairo. do his opponents see this as a victory? >> reporter: well, right now, they don't feel it is a victory. not only has the referendum gone ahead as scheduled, there's been no dialogue about the constitution and the articles which are the main source of detention. the decree issued november 22nd was the cast list to the street protests we have been seeing. over the past two weeks, the demands of the protesters extend beyond the decree. they want a new constitution drafted. what the opponents say is the constitutio
, it expired in 2004, the law in effect banned 20 different assault weapons manufactured in the u.s. also banned the manufacture of high-capacity magazines, the ones that hold more than ten bullets. there were plenty of loopholes, though, gun manufacturers could make minor modifications and then rename them, in a sense making them legal. also, there was no ban on the import of assault weapons from overseas. you see, the ban was only for american-made guns. any guns or high-capacity magazines manufactured before the ban could still be owned and used legally. when it comes to gun bans, the states have taken the lead. california went full speed ahead after a shooting in elementary school in stockton in 1989. they banned the manufacturer, transport, import, or sale of assault weapons, also now bans sales to felons and drug addicts and requires safety training, a ten-day waiting period and outlaws those high-capacity magazines that hold more than ten bullets. other states also limit who can own guns and guns that can be carried with or without a permit. how prevalent are they really? well, the
. the only place you have it is overseas. europe looks stable compared to the u.s. right now what does that say about our dysfunctional system? it says our dysfunction is our competitor's advantage in this market and that is sad. >> amen to larry. that was well said. i don't think i can add anything. >> for the average investor watching right now, any advice? >> no. i think that what's going to happen is there will be refl reflexive knee-jerk reaction higher if one of those two things i said happen. the market was up quite a bit since mid-november. the small-cap his been up 9.5% until the sell-off and they'd given a lot of that back, but there was a lot of good feelings priced in, and to me it's not that awful for us to take some of that off. i think the next month will be choppy and whipsaw, but 2013, there are a lot of good things going, housing market, china, japan. i would buy some things. >> guys, got to cut you off. larry, you'll get more time next time, promise. see you later, jim. >>> we're all over the fiscal fiasco. tune in to cnbc this sunday night. yep, we're working the we
. >> absolutely. and you could argue that the u.s. could actually be benefitting right now because as rich grizz, we'r countries go, we're doing pretty well. this is still a very good place to invest. but there is a tremendous amount of uncertainty in our political process. i would say one other thing on the point of taxes. it's not just about math-- although i agree with mark's points. the bush tax increases on the upper income folks in the u.s. are about 5%. but they haveave big social impact because i think, again, you can look at europe and see what happens when you try to do austerity and don't have social cohesion and buy? and a feeling that everyone is doing their part. >> schieffer: mark. >> you know, my view is that these are really big issues we're trying to nail down here. this is entitlement reform, medicare, med karkd social security, the tax code. it would be lard for me to believe we could come to kumbaya over these poornz it is part of the process. it is quite amazing the way the policy makers designed this. i absolutely agree. the uncertainty is a killer. it's weighing on busine
, the syrian regime has turned increasingly desperate. u.s. officials tell nbc news the syrian military loaded the precursor chemicals for sarn nerve gas into aerial bombs. that could be dropped from dozens of syrian fighter bombers. this week u.s. intelligence detected a flurry of activity at chemical weapons sites like this one. while u.s. officials confirm the precursor chemicals are loaded, they must still be mixed together to create the deadly sarin gas. the development shook the world. president obama and secretary of state hillary clinton issued strong warnings to syria's president assad that there would be serious consequences if he used chemical weapons. >> it's the point of no return. they're going to lose any sort of backing that they had from the chinese and russians in terms of blocking the u.n. vote. and it's my -- it's a suicide move. >> reporter: iraq's saddam hussein killed 5,000 kurds with a sarin gas attack in 1988. jim miklaszewski, nbc news, pentagon. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a
november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i said, i think this is a for real term. if they continue to innovate. i may this may not be your cup of tea, burger, but innovation s higher. >> they tried to sell it to consumers as opposed to their extra value menu, which is a little bit higher price point. that combined with these product innovations, they're very cognizant of margins when they're trying to push iced mixed drinks. the sandwich -- which i've not tried. >> you said cheddar/baconburger. >> it looks like they're going to remain modest at best. margins are going to be a bigger piece. i thin
by firing scud missiles at rebels. u.s. officials say more than half dozen scud missiles were fired into northern syria and areas held about it rebels have suffered severe damage recently. there's no evidence that the missiles contain chemical weapons, though. meanwhile, the president of ecuador denied yesterday that syrian leader assad has requested asylum there. >>> john mcafee is back on u.s. soil after being deported from guatemala on immigration violations. the anti-virus millionaire is miami. they are not involves in the belize investigation into the death of mcafee's neighbor. asked if he was concerned about extradition, mcafee responded. >> i'm not worried at all. if i'm in front of a court, there is nothing in the world they will do to send me back. they have no evidence. they're obviously trumped up charges. this is the only attempt they charged me. >> mcafee is currently free in the u.s. he remains a person of interest and the belize police would still like to talk to them. >>> there are new details this morning about cause of death of the london nurse who was caught up i
. >>> good morning, everybody. happy friday. we do begin today with breaking news. word of deepening u.s. military involvement in the face of fears that the bloody syria will spill over that country's borders. >> reports this morning say defense secretary, leon panetta has signed the order to send 2 patriot missile batteries, as well as 400 american troops, to turkey. they're being deployed to help protect turkey against a possible missile attack or chemical weapons from syria. and the moves comes as international support for syria's ruthless dictator is fading. the head of nato says the collapse of bashar al assad's regime is just a matter of time. and there are conflicting reports that his most powerful ally, russia, may be preparing for his defeat. rebels are gaining ground outside the capital and have defied every effort to defeat them. >>> there's some confusion over where former south african president nelson mandela is being treated. government officials there say they are protecting his privacy not confirming which hospital is treating him. >> the 94-year-old anti-apartheid icon
business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $70 a month for the typical worker. we hear about all the tax rates that are going up, that actually wouldn't involve money that is in people's pockets until they actually pay their taxes or do their tax returns the following year. because that's when they would have to calculate the amount they owe and whether they paid enough taxes in 2013. so the good and bad news about that is that is not going to affect people right away, but that also means they can put that one off for a long time and we could go --
it blasted off the west coast and the u.s. military which monitors the activity of that isolated nation says it looked like an object was placed into orbit. so let's get up-to-date. chris lawrence is at the pentagon. >> we're getting better and new information about that north korean launch. u.s. officials now saying that the satellite that north korea put into space is now in polar orbit. norad has been monitoring it with its space sensors. remember, they tried a rocket launch earlier this year back in april. they did not have much success. this is the first time they have seen all three stages of that rocket launch work and be able to put a satellite into orbit. it sounds very benign, putting a satellite into orbit is not something that you would think of that has military connotations. but the same technology that you use to put a satellite into orbit is really the same kind of technology that you would use to build a long range nuclear missile. >> and the timing appears to have been some kind of surprise to u.s. officials. how worried is the pentagon right now after this launch? >> well,
. >> stephen, talk to me about this. the fact is we do think the entrepreneur as heroic in the u.s. how do you square that circle? >> i think the backbone is the entrepreneur. i think republicans have to make this connection with workers that, you know, if you hurt the businesses who are hurting jobs, i don't think they've done a good job of doing that. i certainly agree that health care is a big issue. i kind of agree with david that republicans have kind attacked the obama idea. i think reasons have to a very robust alternative that might be rejected in the years ahead. >> the problem is alternatives are lacking. criticism is in abundant supply. so, david, what do we do? where do the ideas come from? where is the well that republican party should be looking at for the new ideas? >> the republican party has to rebuild a lot of their ideas about the budget. you know what, on health care, for example, obama care is a fact. it is a fact. and its -- that's what this election decided it is not going to go away. so any republican idea about how maybe there will be a better way to do it or maybe we
. the fact is we do think the entrepreneur as heroic in the u.s. how do you square that circle? >> i think the backbone is the entrepreneur. it's the person who sets out the shingle and employs work eers. i think republicans have to make this connection with workers that, you know, if you hurt the businesses, you are hurting jobs. i don't think they've done a good job of doing that. i certainly agree that health care is a big issue. i kind of agree with david that republicans have kind attacked the obama idea. they haven't been forthright about what they want to do to fix these things. health care is a perfect example. i think republicans have to have a very robust alternative to obama care because that might be rejected in the years ahead. >> the problem is alternatives are lacking. criticism is in abundant supply. so, david, what do we do? where do the ideas come from? where is the well that republican party should be looking at for the new ideas? the criticism alone didn't work. >> the republican party has to rebuild their idea generating apparatus. the republican party had a lot of fis
of all u.s. forces in the war in afghanistan. and on the tape, fox news analyst says that she was asked by her boss, by the chairman of fox news to pass along some very specific advice for general petraeus. >> if you're offered chairman, take it. if you're offered anything else, don't take it. resign in six months and run for president. okay? and i know you're not running for president, but at some point when you go to new york next, you may want to just chat with roger. i just say what i have suggested and that we've discussed is next time you go to new york you're going to stop by and see him? >> yeah. i'd be happy. i haven't seen him in awhile. he's a brilliant guy. >> he's simply brilliant. >> he is. tell him if i ever ran, but i won't. but if i ever ran, i'd take him up on his offer. e he said he would quit fox. and bankroll it. >>. bankroll it. or maybe i'm confusing that with rupert. >> i know roger he's done okay. but no, i think the one who's bankrolling it is the big boss. >> okay. the big boss is bankrolling it it. roger's going to run it. and the rest of us are going to be y
. is anybody looking at how tax hikes fail the test of economic growth? >>> back here in the u.s., could it be michigan which used to call itself the worker's paradise union state is now moving towards new anti-union right-to-work legislation and it looks like it's going to pass? but first up, budget talks resume between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becoming the party for rich people while president obama and democrats stake their claim on the middle class. and my tax rate flexibility with higher -- here's what the president said earlier today. >> i'm not going to sign any package that somehow prevent prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> w
a growing u.s. economy, bob? >> first of all, andrea got to get over the election. it is over, okay. you lost. you have another shot. these things happen. just calm down. it will be all right. now, by the way, immelt is exactly right. the chinese have been kicking our butts around for the last two decades economically. for what they have got, which is a communist-managed economiter doing a very good job of it. not something we want. not something we want of our allies but it is working and you can't argue with that. they have been growing at phenomenal rate. >> currency manipulation, human rights violations. one-child policy. martha: i get bob's point. what bob is saying. business people tend to look at things in, you know, in terms of efficiency. does it work. i think in many ways he was trying to separate his argument here saying this system that works and u.s. economy then is forced to deal with it in the form that it exists if we want to be competitive. >> here's our problem as we're shipping all the jobs over to china. we're borrowing money from china and we have to pay interest on
:40 in the afternoon. susan rice remains the u.s. ambassador to the united nations. and a high-profile one at that. she's known for being very close to president obama, a long-time friend and ally for the president. she's also known for being blunt. and for being aggressively intelligent. she is a rhodes scholar. she's stanford educated. she was on the national security council staff and served as assistant secretary of state in the clinton administration. she was unanimously confirmed in 2009 for the post she holds now as the u.n. ambassador. when hillary clinton made clearer than clear that she would not stay on for a second term as secretary of state, susan rice's name was floated basically immediately as a potential nominee for that job. hers was not the only name floated for that job, but her potential nomination was given new prominence and new political heat when republican senators, led by john mcguess who decided that the political traction they could not get before the election in attacking the president for the benghazi attack, they would try to get instead after the election by attacking su
. there is about 6% of u.s. adolescents that are clinically depressed. that's not just sad. it's in a deep state that need help of one type or another. whether it's counseling or drugs or whatever. they need some help. they're relatively easy to identify. and you can do it in a simple screening process. for very little money. we could have every kid when you get your high school physical, you also have to get checked out, or periodically before graduation. because the thing is, most depressives, kids want to -- they want help. and they will tell adults. usually the two adults they will not tell are their mom and their dad. and that's actually part of the screening protocol is that parents can't be in the room, because they will usually tell a teacher or a counselor or a family doctor. they will tell an adult, but they hide it from their parents because they're embarrassed, ashamed, all sorts of different reasons. so the parents are often blind to it because the child is sort of blocking their view. so parents have difficulty. but yeah, we can do so much. >> each one of these things seems like it
in this field. so what is the legislative low-hanging fruit now? the u.s. senate has done a very small part of it, unanimously passing a bill that allows federal officials to help local authorities respond to mass shootings or other violent crimes in public places, a jurisdictional thing. that's a start. that's something. but is it more possible now in a changed political landscape, in a changed country. what about the issue of federal research on guns? that's not allowed right now. back in the mid-'90s, an arkansas republican pushed an amendment through congress that is still in effect today. it strips the centers for disease control budget of $2.6 million specifically, because that is the exact amount the agency had spent on gun-related research. it also outlawed further research on gun control. that's what it says in the amendment. none of the funds made available for injury, prevention and control at the centers for disease control may be used to advocate or promote gun control that is still the law. or how about allowing the government to release the information it is still allowed to
to continue to be an outstanding u.s. ambassador to the united nations. i hadn't made a decision about who would be my next secretary of state. there's no doubt that susan was qualified. there are other people who are qualified as well. her interest is in serving me but most importantly serving the country. and she's done an outstanding job. i could not be prouder with her. she will continue to be one of the top members of my national security team. >> we talked about the next choice. it's interesting to watch the dominos fall. a lot of people saying john kerry now is the choice. all these same senate republicans who were challenging susan rice said john kerry will breeze through. it will be an easy confirmation. then that opens up a senate seat in massachusetts. could scott brown come back? this opens up a whole new series of conversations. >> to andrea's last point, you kind of wonder if it's only six weeks after a very, very resounding win in the election and obama was not pounding his fist standing strong, you wonder what the next four years will be. >> he was angry. >> he could wen a
and putting it to work. the u.s. economy is simply much stronger than we thought just a few quarters ago. second, these deals show that there are ceos who are willing to give up or share their empires in order to make money for their shareholders. oh, cramer, these people are so rich. i know they're not sacrificing financially. that's not the point. the target ceos will all do well but these guys are empire builders. finally, even as the sale of the stock indicates in a symbolic way, these deals show the companies are listed -- that are listed themselves are often worth far more than they're currently trading for. that's not an aberration. it happening marketwide. think about it. we have a financial brokerage company, right, stocks and oil service company, a tech concern and an insurer's business bringing out value virtually overnight. here's the bottom line. we can be riveted and saddened by what's going on in washington or angry, the refusal of all politicians to rise above their milieu or we can be constructive and search for the opportunities that are right there in front of us, in m
nearer and the u.s. goes over it. >> can we expect, brianna, any other lawmakers to step up to the plate and kick-start negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there really are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid, in hawaii for the funeral of daniel inouye and is now on his way back to washington. it would come down to the senate doing something. there would be a possibility that senate mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to personally support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's very much un
of how we keep guns out of places that they are not allowed to be in this country, the u.s. congress in 1988 passed something called the undetectable firearms act. it said basically, your gun has to be detectable in an x-ray scanner. it has to have the equivalent x-ray signature of 3.7 ounces of stainless steel, even if you take out the magazine and the stock and the grips. even with those parts taken off, the remaining guts of the gun need to have a substantial metal component. so they will be seen on an x-ray machine. because of that law, we do not have fully plastic guns. that law was first passed in 1988. it was not particularly controversial. the vote in the house on that was 413 to 4. and president ronald reagan signed it. and tyranny was not unleashed upon the land. it is not controversial now that it is illegal to manufacture or sell a gun in the united states that is built to evade detection by standard means. we don't have plastic guns. we banned plastic guns. the ban has been renewed several times since. it is up for renewal again next year. when it comes up for renewal ne
the appropriate treatment. funding for mental health care in the u.s. has been slashed for decades. down almost $2 billion since 2009. maryland's funding down 4%. ken ullman critical of the cuts. >> i think that mental health has been something that has not gotten the support and resources that it needs. there is a lot of troubled folks out there. we have a culture of violence and, you know, you never know what gets in the head of somebody who is not well. >> reporter: over the years many institutions for the mentally ill have disappeared leaving more families to deal with sick children at home. >> mental health problems affect one in ten children. >> reporter: maryland's first lady has made educating parents about their options a priority. but advocates say mental health care needs appropriate funding to prevent another sandy hook. >> what is happening now is going to be rippled throughout our communities for years to come if we don't address it now. >> reporter: despite the cuts to funding, maryland is on the forefront of some pilot programs for mental health care and ranked one of the best in t
lines of mac computers in the u.s. next year. the company will spend $100 million to ship from china. apple began making the computer in the u.s. but began outsourcing in the mid'90s. and parent company with t- mobile reached a new deal with apple. t-mobile had been the lone holdout among the four national retailers in the u.s. in new york, i'm alexis christoforous. >>> a wisconsin teen is crashing in on an ugly holiday tradition. christmas sweaters. 18-year-old jack mccarthy collects ugly sweaters in his basement and sells them on his website. the sweaters that he fetes from flea markets, yard will sales, and thrift stores sell for about $20 to $40. he ships about 40 out a day. that's a great idea. and it works. >> i know. i wish i had it. not the sweater, the idea. >> are the sweaters now replace the fruitcake? >> maybe. as holiday gift to have. >>> still ahead on eyewitness news at 4:00. a judge in the deadly meningitis outbreak case, makes an unusual ruling. >>> the suspect in the fatal subway attack is being held without bail. hear from t
they have a man in their custody they believe is connected to the attack on the u.s. consulate in benghazi on september 11th and killed four americans including ambassador chris stephens. according to an e judicial source the man is identified as being in his late 30s. he is known to egyptian intelligence officials for his connections in the past with extremist groups in egypt and libya and his connections with groups in afghanistan and iraq. after the country's revolution he managed to escape from a prison where he was being held. it was shortly afterwards he emerged on this scene for egyptian intelligence officials who say he began trading in arms between libya into egypt and then ultimately onto gaza. right now there's no indication what role he may have played precisely in the attack on the u.s. consulate. he is being held in egyptian custody. there were some conflicting reports as to when he was actually detained. some suggested he was arrested on friday morning. there were other reports suggesting he had been arrested several weeks ago. right now he remains in egyptian custody. he ha
will not testify for now.ecovering from that concussion. john bolton, former u.s. ambassador to the u.n. and fox news contributor and good morning to you. >> good morning. bill: tell me about this review board, what do they do, who is a part of this? >> it was appointed by the state department itself to look into the incident at benghazi. this is a standard procedure. i'm sure they have written a thorough report but it will not be the end of the controversy. bill: why would it not be if it is a thorough report. >> the people did the appointing are the people who did the questions. i don't think the conclusions will necessarily withstand scrutiny. they could cover three main areas. one, why did the stated department reject continued requests for enhanced security for before september the 11th? number two, could we have done more to protect our people during the attack. and numb 3, who came up with this ridiculous story that the whole thing was provoked by the mohammed video. bill: you think you get answers to all three in a review like this. >> you have the capability of it, i do? >> this is not
of those who serve and the fallen. the u.s. military this year so far, john, has lost 305 in afghanistan. >> so important to remember, barbara. as you said, the doctor and the mission was successful. the doctor was rescued? >> yes, he was. taken to a u.s. military hospital where he's recovering. i think we can expect him to be on his way home to see his family very shortly. you know, i just wand to add, the u.s. military has specially trained hostage rescue teams that are special forces. it's some of the most dangerous business that the u.s. military can do. but by all accounts the navy seal was killed by small arms fire which suggests, and we don't know the details yet, that certainly suggest that's there was quite a fire fight during this mission, john. >> barbara star from the pentagon, thank you. >>> let's get you up to date. here is christine romans with this morning's top stories. >> president obama and house speaker john boehner finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines o
you how the u.s. might respond to it. >>> up in flames a west virginia natural gas line explodes, the blast shutting down a major route through that state. >>> it could be one of the holiest twitter accounts yet, the pope sending his first tweet. wait until you see who is following. good morning, i'm don lemon, carol is off today. holiday horror, panicked shoppers rush to police after a gunman opens fire. here is the latest for you from the deadly mall shooting just south of portland, oregon. this morning, three people are confirmed dead, and a fourth victim is described as fighting for her life. police say the masked gunman killed himself as they closed in, making the motive for the killing spree all the more unclear right now. witnesses say he popped off at least 20 rounds seemingly choosing his victims at random. the shopping mall santa was among hundreds of people who heard the echo of rifle blasts. >> i was in the set there, there weren't too many kids at the time, i heard two shots and after that i heard about 15, 16 more shots and decided that that was gunshots so i hit th
? >> yes. >> they would have to get a lot of cashes from overseas by the way. you hear cash at u.s. corporations, a lot of it is overseas. repatriation tax holiday is not part of any negotiations we've been hearing about. >> not at all. >> an area that's a no go. so that is an important part of the calculation. if you can't bring that cash back and goldman says this. this is not something they think is going to happen. >> do you remember when steve brought seagate private. it was brimming with cash. raised the dividend next week. why doesn't michael dell pay out a special dividend and everyone is thrilled. >> fundamentals are still what? >> fundamentals are -- i mean, look. fundamentals depend upon a belief that the personal computer is going to be with us for a long time and is not that much in decline. ipad will not crush it. i don't know. >> why not redistrict some of that free cash flow and that cash into an area where you think you can attain real growth. try to recreate the company in some sort of significant way. >> i think that -- >> it's not easy to do that by the way. >>
have marginal movement, the cac up 4.2%. the ftse 100 up above .23%. >> u.s. equity futures at this hour -- whoa. hold it. >> what are you looking at? u.s. equity futures. >> it's okay on. didn't we already do this? >> i don't care. i really don't. the new prompter is giving you fits. and yesterday, it ended with a -- did you see that one yesterday? a word ended with a n and the next one i introduced the like like t. boone pickens or something like that. >> we have a new teleprompter and it adds words. >> that's special. >> and people that, you know, that's where we get all of our info, right out of that baby there. anyway, futures are up 14 points. 13114 is where we are right now. i don't know. fiscal cliff is three days away and we're still above 13,000. that's what we're talking about. you would think if the growth was going to flow based on us going over the cliff, you would think oil would start to weaken. we haven't seen that much in that respect, either. as far as the ten year, stable at 98 of 6719. finally, gold -- i don't know. bernanke is on full 85 billion a month
and losses have been picking up in the last hour or so as we've seen renewed concern about the u.s. fiscal cliff whether a negotiation could be reached. we saw some optimism in the asian session overnight. i want to draw your attention to the most important story potentially for 20123 and that's what's happening in japan. you guys may recall yesterday it was up .9%. this market has been on a tear this year. it's up more than 20 one of the best asset classes. the yen continues to weaken. there's two reasons why we're focusing here. we got weak economic data out of japan. industrial production decline. we saw core consumer prices decline. we can show you, though, what's happening with the yen. we're seeing the new finance minister coming out and saying to other countries, you know, look, we're not trying to materially weaken our yen and you have no place to accuse us of doing so. he says a strong dollar policy would benefit the u.s. very much so. and, again, might benefit japan, too, because that will make it a lot easier to get that yen lower. today, the dollar/yen is up .2% because it's im
it is manufacturing, but is there really a demand question about apple's products that is a real one? >> not in the u.s., but there could be some questions about china, remember that report from steve milanovich? he said apple needs to come up within some real innovations, you need to have some clarity on the pipeline, and you need geographic -- clearance to go into china? yes, it got it with two of the smaller carriers. china confirms talks with apple. but the problem here, he says tech is not an issue, it's mainly about the business model and benefit sharing issues. that could be a problem. >> he is also playing the part of what many analysts are doing, which is let me explain why it's going down, in the same way that the death cross, i always love the death cross, this is a technical term. i can think of a million reasons to sell it. the only reason i want to own it is because it makes the best products in the world and it's inexpensive. >> that's a lot of people looking at the chart. >> look again, the people who own apple, they were the ones who owned it because it was going up. it reminds me very
targeting the u.s. facility. at the same time the state department increasingly was relying on a local libyan militia known as the 17th february brigade as well as on outside security contractor to protect the consulate. the report concludes neither provided meaningful defense on the day of the attack. jenna: what about the hearings? will secretary clinton testify on any of this information? >> reporter: well the unclassified report is lengthy but a key piece is missing. it does not address the policy piece. for example, why was it that secretary of state hillary clinton and her office felt that a smaller, or light footprint was necessary or was justified in eastern libya given the intelligence about the deteriorating security conditions? just a short time ago a senior republican here on capitol hill said secretary of state hillary clinton must testify. >> i do think it's imperative for all concerned she testify in an open session prior to any changing of the regime. i think that that's very important for her. i think it's very important for our country and i think it's very important
, everyone. >>> u.s. forces in afghanistan have repelled an attack on a joint base. taliban suicide bombers assaulted the jalalabad early this morning. striking a gun battle that lasted two hours. all of the attackers were killed. no u.s. troops were injured. >>> new details this morning on that deadly bus crash at miami international airport. two people were killed when a religious group's bus slammed into an overpass because the driver took a wrong turn. >> reporter: good morning, ron. as many three people are clinging to life this morning after that crash in miami. >> very bloody. everybody had cuts and scrapes. >> reporter: the entire front of this bus, caved in and the ceiling collapsed injuring more than 30 and killing one 56-year-old and other 80-year-old senior citizen. the driver got lost and somehow managed at the miami international airport, plowing his bus through. >> we're not sure why he misjudged the terminal building. >> reporter: at a nearby hospital, one injured person after the next got rushed in on gurneys and across america it's a scene that tragically plays out time an
center can now collect information about any u.s. citizen, without any reason or cause in the name of counterterrorism. we're learning about this, more about this now because julie andwin of the "wall street journal" did a freedom of information request to find out was there even a debate most the administration about whether or not it would be allowed to take any government file, so anytime you have the government if your life, now that file could go to national counterterrorism center, for any reason. are you comfortable with that? >> greg: well, i like, i mean, i happen to enjoy surveillance but for reasons i can't get in to here. giving eric holder access is giving car keys to a kindergarten glass. why do i feel like she will be the ground game in 2016? we have imprisoned a filmmaker, expanded surveillance over america and used drones to kill americans. we painted the right being those who infringe on right. but evil is done in name of america. >> eric: al-awlaki became a u.s. citizen -- >> i'm okay with it. he's a terrorist. it's bad under bush and okay under bam. the thing i
laid up, we have a u.s. u.s. marine in mexico. it seems like the obama administration isn't doing enough to get him out. what do you say? >> been in there since august. it's almost christmas. >> jay carney says i don't know about it. >> don't know. sergeant schultz, nothing, i don't know. again, leadership dictates, i use abraham lincoln on the factor last night, a great example. pay attention to big stuff and small stuff. commander-in-chief is a president. marine served in fallujah in combat, post traumatic stress when he came back, and now incourse rated for no reason at all in mexico because they want to extort money from the family. president obama should have made a public statement. as should hillary clinton before the concussion. this is ridiculous. please let him out. we are assuming that the president is involved behind the scenes. if mexico doesn't release the corporate by christmas, i will call for boycott of mexico. >> bob: you don't think the government is trying to get him out of there? there are thousands of american prisons in mexico. >> not like this. this is egre
% of siti's -- sity's -- citi's work group. and it includes closing some branches. u.s. companies added fewer workers in november. bartly because super storm sandy shut down many businesses. including factories and retailers. they will get a better picture of the job market friday. shares of apple fell as much as 4% after a research firm raised its outlook of sales for tablet computers, pointing to strong demand from ipad rivals, from amazon, google and samsung. >>> and nokia's stock rallied,a -- after they launched a new version of the smart phone for the chinese market. >>> and another starbucks may be opening near you. the world's biggest coffee chain plans to add 150 stores over the u.s. over the next five years bringing the total number of starbucks to 20,000 by 2014. that's your money watch. for more, head to cbsmoneywatch.com. in new york, i'm alexis christoforous. >> a classic car of dr. phil's is back in his garage today. the classic 1957 chevy was found tuesday, completely intact. back in august, the television psychiatrist's car was stole
, the revolutionary guard captured a u.s. drone. the aircraft was flying in iran's airspace and brought down by electronic jamming. we're working to confirm this story. more details as soon as we have them. elsewhere, with only four weeks to go before we reach that fiscal cliff, republicans offer a proposal for a new deal. it had few specifics. the white house rejected it. tracie potts joins us from washington with the details. >> reporter: good morning, everyone. with a white house proposal and republican proposal on the table, you'd think we would have somewhere to begin negotiations. the white house says what republicans have offered isn't even a start. six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2
the tubes. the price of u.s. treasury bonds were going up. so the fact is that we have a problem. i'm hoping that we'll deal with it, especially, you know, the old age entitlementes, because sooner or later, you and i are going to be old enough to qualify for medicare, and we're going to at the present time to be a good system. but we i think a little rationality is called for. >> schieffer: you're saying it's not as bad as it seems. the fact of the matter swhen the bush tax cuts run out at the end of the year, when payroll tax-- whatever they call it, runs out at the end of the year, people's taxes are going to go up. they may not be a crisis for some of the upper income folk but if you're down the line there, that's a big deal. >> and i fully believe that's going to be taken care of. but if you remember, when the clinton tax cuts-- tax rates were imposed in 1993, martin felledsteen, you know, a very substantial economist, wrote an op-ed in the "with the journal" that day predicting we were going into a deep recession pause of the tax rates. we went into a big boom. we're tingering on the e
.5%. parts of the u.s. will get a white christmas or more. tcheer storm watches have been issued for parts of arkansas and oklahoma. california is already getting wet. carter evans has the forecast. >> reporter: it's been bad enough. cars buried if they could move at all in the midwest. in california's sierra nevada, up to five feet of snow could fall. that's great news for skiers. >> we love the snow. c reporter: not for holiday fliers. >> the only option we have is to drive. >> reporter: the most violent y beher may be yet to come. and the timing couldn't be worse. >> it's going to be happening on christmas day and while people are with their families, it looks like we're going to see a widespread severe weather ons reak across portions of the southeast and we could see multiple tornadoes. >> reporter: which concerns this meteorologist is the developing weather pattern is much like the one that caused deadly tornadoes in alabama during the spring of 2011. this new storm could also bring snow as far south as dallas. >> this is going to be a real white christmas, not just an inch of snow.
into play at the moment as we wait for the u.s. session. we did have a good piece of news, though, out of china. the new leadership saying wle do whatever it takes to maintain solid economic growth. the shanghai composite up nearly 3% today. that boosted retail stocks. we also had a spanish bond auction, prefunding for 2013. got nearly the 4.5 billion they wanted. yields in spain. the ten-year did come lower on that auction, so not a bad result. and bid to cover was okay. so spanish yields slightly higher after that. didn't raise the maximum amount. that's where we stand. it's another cautious day under way in europe. back to you guys. >> might get my haircut like hers, ross. you know, that anna wintour. that bizarre -- do you think you can manage it? >> a page boy. >> you think you carry that one? >> you'd look awful. >> you know what? we're going to do it. >> you're asking these guys to put me -- >> you'd look good in that one from "dumb & dumber." >> yeah. i make that sound. the most annoying -- you want me to do that? >> no, we don't. >> morgan stanley is trying to bolster lending.
on and take a look at some other data here. what's the biggest threat to the u.s. economy? slow job growth, 9%. moving on here to the next one, the euro crisis, that's come way down, 11%. the next one is going to be 33%. the winner, the fiscal cliff, 35%. what are people saying about the fiscal cliff? we have people write in, and i believe that's what we'll look at next. we'll look at the probability of a u.s. recession. that has come up. in part because of the fiscal cliff concerns. it was 19% back in march. a high of 36%. so we're halfway between the low and the high pretty much. this is a 13-month high for the probability of recession. now we want to show you what people are saying about the fiscal cliff, allowing the economy to go over the cliff would be extremely reckless, says donnelly. they're going out to try to help the unemployment rate. wall street doesn't believe it's going to happen. they do believe it will help lower mortgage rates and the unemployment rate and not a lot of help expected for the stock market. melissa? >> steve, thanks for that. that's interesting stuff there. >>
they can be kept at one of six u.s. detention facilities on the mainland. -- at guantanamo bay and whether they can be kept at one of the six u.s. detention facilities on the mainland. this is in it. we will see you again tomorrow morning. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> coming up today, and look back at the 1990 budget deal followed by the president of the european parliament on the eu and u.s. partnership. later, jon huntsman talks about the role of la in china. -- rule of law in china. >> washington worked his way up. at the urging of one of his brothers he immigrated out west where the lead mine industry was in may paid a. he arrived in a ship, by stagecoach. he arrived on steamboat in this muddy town. he established a lot have been in slowly worked his way up. he became a very successful lawyer and then became involved politically. he ran for congress, search for eight terms. in any profession did abraham lincoln -- served for eight terms. as they arised, they were a close colleague during the civil wa
day in the u.s. yeah. as of today, washington state has legalized, legalized, both marijuana and gay marriage. that's a true story. yeah. yes. so today men all over washington have would different reasons to say "i love you, man." you don't know which one it is, though. >> i know. it could be both. >> are you high or proposing to me? >> the very funny and talented conan o'brien weighing in on a very serious issue. yesterday's news. while same-sex marriage isn't a new thing because several other states legalized it within the last decade. washington's marijuana law makes it the only state that allows recreational pot use. by the way, colorado is just a couple of months away from enacting the very same freedoms. while it seems legal, is it really? those two states voted to make it so but the federal government still says it isn't so. quite frankly, nobody really knows who trumps who here in the political debate. the governors of both of those states say that the feds haven't even started talking to them yet. but how to reconcile these two laws that are diametrically opposed. the feds m
growing criticism over the last several weeks because of the way that she portrayed the u.s. consulate in benghazi. she blamed an angry mob, not a terrorist attack by al qaeda. rice has said that she was working off of information she had at the time, but republicans largely led by senator john mccain have accused her of misleading the american people and said because of that, they wouldn't support her nomination. it was that pushback that led her to give a letter to the president saying that she did not wish to be considered. she said she believed the confirmation process would be long, lengthy and disruptive and just not worth it to the country at this time. president obama did accept that decision, and then said that he regretted it but also said that it spoke to her character. she will likely continue to work close w closely with the president, either as his u.n. ambassador or as his security adviser. he will likely now nominate senator john kerry. larry? >> many thanks. on top of the susan rice story, we are also learning tonight that retired nebraska republican senator chuck hage
as if the u.s. government would not pay interest on its debts. have -- you know perfectly well will is about a million things. i have been in the country where they ran out of borrowing capacity and managed important several years to survive without that borrowing capacity. there's a million things you can do before. you don't pay your debt on the u.s. treasuries before you stop paying social security, before you do lots of other things. is he purposefully trying to elevate this to a situation that frightens people? >> in many ways -- this is like the mayan calendar. they said the world would end december 21. we are all still here. the fiscal cliff negotiations and the debts limit thing are not the end of the world and we will figure it out. the most important thing to keep in mind is long term. we want to have a healthy fiscal situation. we have to have a healthy economy. we have to address growth. here's something else that is -- totally missing from this conversation. >> jimmy? >> understand that the executive branch is required under federal law to notify the legislative branch that, fac
-runner for the job after the u.s. ambassador to the united nations, susan rice, withdrew her name from consideration last week. during the announcement the president indicated that kerry's senate career makes him more than capable for the job. >> in an extraordinarily distinguished senate career and as chairman of the foreign relations committee, john's played a central role in every major foreign policy debate for nearly 30 years. as we turn the page on a decade of war, he understands that we've got to harness all elements of american power and ensure that they're working together. >> secretary clinton wasn't present for the announcement. she's still recovering from a concussion. but in a statement she said that kerri is re is an excellent choice. north korean state media is reporting a u.s. citizen has been arrested in north korea for committing an unspecified crime. they say a tour guide entered north korea more than a month ago, was eventually detained after evidence was uncovered of some sort of crime. this comes ten days after a u.s. official said an american with a similar name was detained i
what michael dukakis has to say about the idea of being a u.s. senator once john kerry becomes officially the next secretary of state. being a little bit coy. could he run? here comes the new. >>> good morning from washington. it is wednesday, december 19th, 2012. this is the. i'm chuck todd. >>> today could be the day the two sides come together for a big deficit reduction deal or we could be 24 hours from it totally falling apart. that seems like telling you everything and nothing at the same time. but there's something to this. follow me here. the president and speaker boehner have really never been closer to a deal. they both made major concessions over the last i'd say 72 hours. the nation still mourning the tragedy in connecticut. both sides have admitted that the tone of the talks have changed. >> an event like that, as tragic as it is, brings us a little closer together. >> i continue to have hope that we can reach an agreement. it's not a time to put americans through more stress. >>> the biggest concession from the speaker has been backing off his pledge not to raise
at 11:15 eastern. "booktv." >> according to a report, the u.s. now has more student loan debt and credit card debt. next, a discussion on how to ease the debt burden on students and their families. hosted by propublica and the lower east side tenement of new york city. [applause] >> with a degree comes student debt. i'm really happy to be here tonight. it is great to take some time, to have this many and this whole set up to discuss these things, and these issues. i think propublica does a fantastic job with this, as they do with everything. we are happy to have a fantastic panel with the array of experts you would want to be discussing this issue. marion has been covering this for propublica, and a month ago had a fantastic piece that would-be the result of months of investigation of the debt burden on parents. that is an aspect that not a lot of people have been talking about. although you may have read about it on the cover of the "new york times" today, a month ago is when she began talking about it. we have the publisher and author of a best seller called "secrets to winning a schol
. a rocket launch in north korea had the capability to travel 6,000 miles, one could conceivably reach the u.s. that's the assessment of three officials in south korea's defense ministry based on assessment of a part they recovered from one of the rockets. it shows the nuclear neighbor's intent. >>> president obama has not even nominated former senator chuck hagel as his choice for secretary of defense, but haggle taking heat over his past positions on iran and 2007 interview when he said "jewish loe lobby intimidated lawmakers." >> i would have serious questions to ask him, not just about israel, but to me the most significant foreign policy challenge for president obama and our world is iran. nuclear weapons program. chuck hagel has had some very outlying votes on that. >> i don't think he's going to get many republican votes. i like chuck, but his positions, i really didn't know all of them, frankly well out of the main street and to left of the president. >> he is the subject of a new ad opposing his nomination as defense secretary. dana, what do you think? he might not sail through like j
then ran for the u.s. senate as an independent but lost. now to this. ♪ >> south korean singing sensation psy gears up for a huge performance this weekend. there are no revelations about anti-american -- this anti-american rap song they did a few years back. the song "dear american" includes lyrics like kill those blanking yankees who have been torturing iraqi captives, kill their mothers, daughters, mothers-in-law, fathers. psy has since apologized saying the 2004 rap was protesting the killing of a south korean hostage by iraqi insurgents. but psy will still perform at the christmas in washington concert this weekend where president obama and the first family will be looking on. and senator stevphen colbert? south carolina governor nikki haley says that ain't happening. the palmetto state resident said he'd like to replace the outgoing representative. he explained why he'd be a great senator. the governor was not moved. her season? what she called stephen colbert's, quote, big, big mistake. >> what's the state drink? >> there's a state drink? >> it's milk. i didn't realize my state was
, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through their stories, and you say, not only did they not extend themselves during this downturn, they conserved a lot of cash. by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming to an end. and the more clarity on regulations. we are exiting this really weird period of uncertainty. rules come into focus. and if these consumer balance sheet numbers are right. next year could look different, jim. >>
. "starting point" begins right now. >> and our "starting point," a u.s. contractor in kabul gunned down and killed this morning by a woman wearing an afghan police uniform. it happened inside kabul's police headquarters. the latest in a string of suspected green on blue attacks that are hitting morale and eroding trust in allies there. our pentagon correspond respondent barbara starr up early for us working her sources. joins us live from washington with more. >> good morning, alina. in the last few minutes, our nato sources are confirming privately that, indeed, it was an american citizen. a contractor shot and killed by a woman, an afghan woman in a police uniform inside kabul police headquarters. what is not known at this point or they are not saying, whether this woman was an afghan police officer or came into possession of the uniform, stole it. we have seen these kinds of incidents before. people have infiltrated in, may have taliban loyalties, may be other issues at work here. they have seen grudges in the past being enacted upon. so not a lot of detail yet. but this whole issue
's been a gang buster year for the markets. unfortunately, the average u.s. investor out there has largely been on the sidelines. money in bonds, money into money market funds continuing to flow in the month of november. unfortunately, even as we do see a very, very good year for the stock market, not many investors are really taking part in this. >> i think we saw finally an outflow for bond funds in well over a year last week. that has been a rarity. we've warned many of our viewers, be careful of the duration risk. we're going into another year where many people are at least saying, okay, is the rally over? the 30-year rally in bonds, is it over? if it is, what is it going to mean? we've had people saying that the last three years. everybody's best trade was to short the long bond. it ended up being one of the worst trades you could make the last couple of years. >> in terms of being careful, speaking of being careful, today will be light volume, shortened session, but light volume. who knows what that could lead to. if you wanted bury bad news, christmas eve is the perfect day to do it
back to mortga"morn joe." there are new developments involving the attack on the u.s. consulate in benghazi. it places most of the blame on the state department for providing extra security. they conclude a systemic management failure at the state department resulted in grossly inadequate security at the consulate where four americans were killed that night. the report says the u.s. relied on poorly skilled local militia members to safeguard the facility, and investigators found no evidence it was sparked by protests to an anti-muslim video. >> no evidence of that, and that's what, of course, the white house and the press led with after this happened. >> this is from an independent panel. >> unbelievable. gross negligence, willie, against hillary clinton's state democrat department. >> the report found no cause for disciplinary action. they made 29 recommendations to improve embassy security. secretary of state hillary clinton reportedly has accepted all of them. >> can i ask you, when is the hearing? >> thursday. >> what is she going to say at the hearing. >> she's not going to
in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> we've been talking about the tragedy in newtown, connecticut. and that was not the only news story this week. one important story that was uncovered before the friday shooting. the future of women's under the violence act. it provided billions of dollars to investigate violent crimes against women but it expired. they offered to expand the bill with a new protection for same-sex couples, american indians and undocumented immigrants. so the house balked so in tuesday at a rare show of defiance in their own party leadership ten house rips signed on to a letter written by democration asking house supremer john boehner and majority leader kantor to on the reauthorization of the violence against women act bringing a bill inclusive of
by the new york times says that because tax rates are lower now than under president reagan, the u.s. can afford to raise taxes and our next guest says not so fast. are they missing the overall point? joining us is james freeman with the editorial board. nice to see you. >> good to be here. >> do you take the new york times at its word here on the research about the tax burden, during the reagan years, we have some graphics to show us some different family incomes here on the upper echelon. homes making $350,000 a year and now they're paying about 42% of income compared with 49% back in 1980? so they're saving money and that goes on all of the tax brackets, middle class and lower class, do you agree with that or do you think the new york times is missing the overall point here. >> as far as the numbers analysis, there's a lot of examination of that over the next few days, for the moment let's accept that everything they've said is true. the real point is the context here because what ronald reagan did was start a worldwide movement toward lower tax rates and growth followed. a lot of peop
then we got regulation in china. in 1911 in the u.s. we had the triangle shirt waist fire that led to deaths and that wound up giving us more regulations. sometimes regulation saves lives. remember that the next time you see the anti-regulatory fever that you see so many other places on television. all right let's bring in teresa hahn the director of a labor rights organization, and they were the ones conducting investigations of working conditions in factories around the globe. teresa, do you have a sense of when walmart said those are too expensive, we can't do it. how true or untrue is that relative to their cost? is it really that would be prohibitively expensive or a regular course of business? >> it's something that walmart absolutely has the financial ability to do and could do it for a relatively small part of their overall finances. it's a matter of political will in walmart and the companies are not willing to put forward to them what is a relatively small amount of money that would ultimately save the lives of hundreds if not thousands of their workers for their supplier
the cliff. they'll downgrade the u.s. debt. but that's it. by the way, we have already proven through nine ways of sunday that -- when our credit rating got downgraded last summer. well, bonds went up in price and down in-year-old. -- in yield. so why not do nothing? why doesn't the president say we're just going to keep bonds the way they are. and we're not going to cut entitlements because we know if we don't cut taxes, the republicans will go along with their no tax pledge and the markets will go higher and no one will care, for now. but he told us that's not going to happen, and he got re-elected. what does it matter? it doesn't raise a lot of money. why didn't he just say that we're taking the able of social security to 6, cutting the military budget. the democrats will be committing political suicide and the republicans. that's why i was hoping that congress would rise above and figure out a more reasonable way to spend less and take in more money over time and get the budget over time. the moronic cliff doesn't hurt. what do we need? i have to use his words because it's like a curse
a discretionary war the u.s. undertook on the basis of incorrect information. i think the war in afghanistan it was undertaken for almost noncontroversial reasons within the united states. direct retribution for the attacks of 9/11 and where taliban al qaeda was at the time. i think the debate will be did the u.s. get distracted by afghanistan by the iraq venture and another way to wind it up than the one we have? it's interesting in the presidential campaign concluded there's so little debate about this with so little appetite on either side of the political divide to stay there longer, increase the bet and i think seen as a sadly concluded affair and we got in to it for understandable reasons. >> christin, something else on the fiscal cliff. a drop in confidence and zero u.s. economic growth with no agreement on this fiscal cliff and indeed a ripple effect in the eurozone and elsewhere. do you think the politicians understand the kind of seriousness of the game that they're playing at the moment? >> i think they do and a good sign is notice in the last day or two, you haven't been hearing
: by the year 2030, america will no long ber the only super power. according to global trends 2030, the u.s. will be first among equals as brazil, india and china continue to rise. communist china works. i wonder if he would be willing to report state run economy. i doubt the white house cares. being number two means never being number one. if you believe exceptionalism is quaint you don't like being number one to begin with. we no longer refer to achieveer as successful. we call them rich to make them target for withdrawal. if you are good at what you do you become obama's atm. pin code for pork. the report says we'll be cyborg with neuroenhangment for superhuman abilities. will robots be forced to unio unionize? >> dana: where were you when you wrote that? were you in a bar in colorado or washington state? >> greg: why? >> dana: it was like a pink floyd song. well done. >> greg: thanks. since you talk already, do you mind that america is dieing? is that funny? >> dana: this is an exercise they do a blue sky thing, to think about what will happen. they are missing an important element. two
of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. >> and google maps has found its way back into apple's operating system. >> of course, we have to start off with the markets. dow's five-day winning streak has been snapped, despite the fed announcing a new round of stimulus. chairman ber bernanke say worries about the fiscal cliff are resulting in softer business environment and waning growth. members of congress told not to make plans for the christmas holidays, citing the urgency of striking a deal to avoid the fiscal cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring br
in toronto as the nfl continues to move to expand its base outside of the u.s. a couple weeks ago, we had two new york jets fans. but now it's a couple more. great game between seattle and pittsburgh. >> did that guy get his pants pulled off? >> certainly did. my question to you, you got -- wasn't it nance and phil sympathies? >> yeah. >> don't you say, wow, there's a full moon today? don't you say something? >> i had to back it up on the dvr. >> was it immature to say -- i backed it up to show -- because we were laughing so hard. do you just not ignore -- >> it says something about our maturity levels. >> does it? and they're month march temperature? >> i felt bad for the player, i did. >> i did, but thank god it wasn't a full frontal. it was a full moon back. i would have said something. i wonder whether nance and simms should have just -- >> were they looking at it? >> they needed a joke. >> you needed to reference it. >> when they played the replay, they played it from a different angle. >> i think they -- come on, guys. in my entire life, i've never seen anything like that before. >> was
. >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was a concerted effort, well organized. heavily armed. >> the american president and secretary of state and everybody else in the administration saying louddy it was because of the video. >> what happened initially, it was spon tapous reaction to what had just transpired in cairo, consequence of the video. >> they threw the libyan president under the bus. he said this is a terror attack. the administration said he doesn't know what he is talking about. >> is this guy worried about what is going non-the muslim world? >> the idea he's somebody who opportunity care is absurd. >> never ever forget that our freedom is only sustained because our people who are willing to fight for it. >> exactly two hours from now at 7:00 p.m. eastern, the first polls will close in six states. >> you cannot win as a republican if you don't win ohio. >> now you are to the point that none of this is making sense. this is not right. it will go to obama. >> bam will get obama will win by 1% of the vote. >> new detail of the ongoing and gro
morning. 16 days before the u.s. goes over the fiscal cliff, but there could be a deal in washington. a source close to the talks tells cnn house speaker john boehner is willing to hike taxes on the wealthiest americans. that's something the president says must be part of any plan. speaker boehner previously called tax increases on the top 2% a nonstarter. >>> this week president obama is expected to nominate senator john kerry as his next secretary of state. the massachusetts democrat has served in the senate for almost 30 years. he's been chairman of the senate foreign relations committee for the past four years. the massachusetts governor duvall patrick would name a replacement until a special election. >>> outgoing secretary of state hillary clinton is resting at home after suffering a concussion. she's been battling a stomach virus and fainted after becoming dehydrated. her office said it's not severe but will skip he her appearance in front of house foreign affairs committee this week. she was scheduled to testify on thursday about the attack on the u.s. consulate in benghazi,
's chief u.s. economist. thank you for joining us. you take a look at the potential prolonged uncertainty. at what point do you say my long-term forecast for the united states, it may have been ratcheted down? >> melissa, thank you for having me. we never thought that odds were that high that cliff would be dealt with. our base case is that it would be, but only 60/40, and as we've seen over the past few weeks, the dialog has broken down and i think obviously, a very good chance to go over. i don't have gdp around 1% in the first quarter. it could be a lot worse, depending on how this thing evolves. they could do a patch here. maybe on amt, the medicare doc fix, and as markets hemorrhage under january, which i guess they would under what i've seen so far, maybe it brings both parties back to the bargaining table. i think you are exactly right. all things are up in the air, and the outlook for growth is much more uncertainty for hiring spending, all things, it's a real mess. >> in terms of ratcheting corporate earnings efforts, the president is very aware of it. the white house is having c
: the u.s. ski industry is heading downhill. a new study reports the winter tourism industry experienced an estimated one billion dollar loss over the past decade, due to, climate change. with the u.s. on track to have the warmest year in its history, the ski industry is being dealt another brutal blow. joining me is bob dean from the national resources defense council. one of the groups behind that particular study. bob, thank you. welcome to the show. >> thank you, sandra. good to be here. sandra: so let me get this straight. you're blaming the warm winters, lack of snow on climate change? >> absolutely. you mentioned sandra, we're on track as of end of the november we had the hottest year on record in this country. 3.3 degrees hotter than the 20th century average. it hurt our farmers and ranchers, devastated worst drought in 50 years. fires detroit nine million acres of forest and fields. we'll seeing it on the ski slopes. climate change for the slopes means less snow on the ground, feuder skiers on the slopes. if you make your living in the business, less money in the wallet and payc
potential in the u.s. their growth is coming from other countries. right now they're operating, believe it or not, in 51 countries outside the u.s. they have about 30 million paying subscribers. they don't have enough content. the content that they've just acquired the rights to through disney is a real show stopper. it puts them miles ahead of the competition. amazon, hbo go, hulu, which disney owns a part of. >> julia, what's your take on this? >> the interesting thing, maria -- >> maria -- >> wait a second, julia. i'm sorry. what were you saying, porter? >> the interesting thing about this transaction is no price or terms were mentioned. the deal could actually be pretty close to the market cap of netflix, which is $4.8 billion today. >> i see. julia, go ahead. >> maria, i think a key thing to point out here is that netflix is now getting movie content in the same window as premium cable chabls used to get it. we're talking about hbo, showtime, stars. those were the three channels that had exclusive access to premium movies seven to nine months after they were in theaters. now that's
of surrender? based on what you know, what do you think? plus why hamid karzai blames the u.s. for damage in that war torn country in an exclusive interview with nbc news. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit an
, stabilization in europe and the u.s. at 2.7% gdp growth is a little stronger to handle this, so that's why i think you want to be buying on this. >> everybody wants to buy. so many people -- you want to be bullish, but these guys in washington, and gals in washington, give you so little reason to actually be bullish. you're right. the corporate sector you know, loaded with cash, fundamentals turning positive. >> but this is the big difference from last year, last summer where the economy was so fragile. we were in such a fragile state last suggest so it was easy to tip us over. now we're a little better here in the states but a lot better in china, and a little bit better in europe. >> we've got to get to jim. >> because of the contrarian view, jim, is once we get a deal, we sell right into the deal. >> yeah, that's right. i'm going tonight skunk at the garden party here, and i'm geg going to tell you i never thought we'd get a deal. throwing rocks at each other. more likely we won't get a deal. the economy is as bad as last summer, looking at 1.5% growth for the fourth quarter, maybe the sa
of the biggest lobbying groups in the u.s. they had their hands in some 60 measures this year alone. carol, when you compare this group to, you know, the other advocacy groups, the brady campaign to stop gun violence, when you compare those two groups, the nra outspends that group some 66 times more than the brady campaign. and they spent more than 4,143 times more money on contributions. so this is a big, strong, powerful group. carol, when they talk about meaningful contributions, what does that mean? this is a group, if they were to support a ban on assault rifles, that would be a huge blow to gun makers. >> i can't see that happening. >> what does it mean, a meaningful contribution? we have yet to see. >> yeah. we have yet to see. friday's the big day when the nra will maybe spell out what those meaningful contributions are. >>> with polls showing that more americans now support stricter gun laws, the question of gun control may not be if, but when despite the nra. that's prompting many americans to go gun shopping right now. cnn's david mattingly is here to talk about this new spike in sale
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as a result of antitrust here in the u.s., a americaning of the two equity platforms of nasdaq and nyc. nyc kept as it, and my reporting is, let's call it september or so, right at the end of the summer, early fall, an overture was made to the nyc about a potential deal. discussions continued at that point and continued for a number of month ending with this morning's announcement from the two of them that they did in fact have a deal. fair >> david, what i'm hearing is that the cme group wanted to offer an even higher bid for the new york stock exchange. however, with this clearing agreement that the nyse has agreed to with i.c.e., that's probably not going to happen at this point, this is the deal that nyc is going to go with because apparently cme approached the ceo in the last couple of months, but it was probably too late. the nyc went ahead with i.c.e. and had been too further along. the question now, bob pisani, what happens with the other exchanges, hong kong, nasdaq? what are we seeing next in terms of the next target in the exchange space? >> well, at the very least, it's helped i
of the other airports. according to flight aware.com so far only about 70 nights cancelled in the u.s. so far today. that's a big difference from thursday and provide when that storm blew through the plains and midwest and the northeast. forcing the cancellation of more than 6000 pilots. in places like chicago, detroit, and new york. some of the 84 million drivers were traveling this holiday season also faced treacherous roads, snow and ice may continue to be problem today in the northeast. places like upstate new york and pennsylvania and west virginia. there's good news for drivers. take a look at this. right now the national for a gallon of regular unleaded is $3.24. that's much less than a month ago when the average was about $3.43. but it is about the same as a year ago. tens of millions of americans travel over the next few days, the travel conditions seem to be improving at least when compared to earlier in the week. alex? >> all right. appreciate that live report. we are going to get a look now at the forecast around the country. nbc meteorologist dylan dryer is here with more on that
investors have pulled at least $380 billion u.s. stock funds from april 2007 and it's the first time ordinary investors have sold during a bull market since world war ii. >>> mortgage rates headed down last week according to freddie mac. the 30-year fixed rate average was 3.35%, just 0.04% from the 40-year lowest on record since 1971. the average on 30-year fixed rates was 3.66%, the lowest in 65 years. michelle, it seems like a good time to buy. >> yeah, maybe. >> thank you, seema, if you can get the loan. >>> why when we just upgraded their trade status in we're about to get answers from a russian expert just ahead. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit offection. report. i'm michelle caruso-cabrera. >> gun control advocates talk about great laws in gun ownership if great britain. there's only one problem, they don't work. they seem to have made things even worse. we'll talk more about that and it happens to
sectors. equities is kind of a global shorg an board, if you will. but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is going to mean is slow growth. it may mean that we lose the entire first quarter because everybody is still worrying and talking about the issue. and here we go, clients again, investing in a time when they need to be invested. >> he also thinks if we go over the cliff it might trig ear recession. what about the fed? as you know, it announced those big moves today. tying any move in rates to the unemployment rate. are we in a bond double? we wil
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